News Release

Janis Smith

202-752-6673

Jason Lobo

202-752-1692

WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today reported its 2007 results and filed its annual report on form 10-K with the Securities and Exchange Commission (SEC). The filing provides consolidated financial statements for the full-year of 2007. The following documents are now available on Fannie Mae's Web site:

At 1:00 p.m. Eastern Time today, Wednesday, February 27, Fannie Mae will host a conference call for the investment community to discuss the filing. Mary Lou Christy, Senior Vice President, Investor Relations will host the call. Daniel H. Mudd, President and Chief Executive Officer, and Stephen M. Swad, Executive Vice President and Chief Financial Officer, will address investors and analysts. They, along with other members of senior management, will be available for questions. The dial-in number for the call is 1-888-428-4478 or, for international callers, 651-291-5254. The confirmation code is 911428. Please dial in 5 to 10 minutes prior to the start of the call. A replay of the call will be available for two weeks starting at 3:00 p.m., Eastern Time on February 27 through midnight on March 12. The replay number for the call is 1-800-475-6701 or, for international callers, 320-365-3844. The confirmation code is 911428.

The conference call will also be webcast at www.fanniemae.com and will be available for 30 days after the call.

Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. In 2008, we mark our 70th year of service to America's housing market. Our job is to help to those who house America.